Many businesses across the UK rely on external sources of finance to help with cash flow. Ranging from bank loans and overdrafts to invoice facility facilities, there are a variety of methods that can provide businesses with finance. However, whether a business has the right finance facility appropriate to its cash flow requirements is another matter.
Challenges Refinancing or Restructuring Business
Not having the correct form of finance could mean a business missing out on cash it could be receiving from an invoice finance facility. Especially as bank loan interest rates are increasing and overdrafts are becoming more unreliable, sometimes a rethink is required into what method of financing is most appropriate and will ensure the correct level of cashflow is provided to help a business grow.
What SBF can do
Skipton Business Finance has invoice finance facilities available that are specifically designed to work well with businesses suffering inconsistent cash flow. As our facilities work on releasing cash for every invoice you raise, consequently the facility grows in line with your business, unlike other finance facilities. No longer will you have to worry about approaching the bank and asking for more capital!
How SBF do it
We strive to deliver flexible invoice finance, such as factoring or invoice discounting, that grow with the business of the client and our entire sales approach is shaped around this philosophy.
In over ten years, we have funded businesses in and given access to funds to grow in line with their sales meaning that the solutions we provide are more flexible than a traditional bank overdraft.
This means that the factoring and invoice discounting facilities we provide are the fastest growing alternatives to a traditional bank overdraft.
By the end of 2009, 23% of all invoice finance clients were in the distribution industry making factoring and invoice discounting the most popular finance facility in the haulage industry.
Get in touch with us!
It’s easy to unlock the money you have tied up in unpaid invoices. Just call us on 0845 602 9354 and one of our award-winning team will be able to guide you through the process. Alternatively, fill in the quick quote form on the right.
